Kolkata: ITC chairman Sanjiv Puri did not rule out the possibility of restructuring the company or buyback of shares to unlock shareholders value at the annual general meeting (AGM) of the conglomerate on Friday.
Puri also made it clear that he is keen to see that the new FMCG brands of tobacco-to-FMCG-to-hotel major make significant international footprint in the near future. The consumer spend on ITCs 25 mother brands is now over Rs 19,700 crore. The non-cigarette segment revenue rose to Rs 31,000 crore during the year, accounting for nearly 60% of ITCs total segment revenue.
Some shareholders, including veteran Manoj Gupta, had raised the issue of restructuring of ITC Infotech, including the proposal of IPO. There were questions abo…
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